Mariner Investment Group LLC purchased a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,000 shares of the industrial products company's stock, valued at approximately $653,000.
A number of other institutional investors have also made changes to their positions in VMI. Price T Rowe Associates Inc. MD increased its stake in shares of Valmont Industries by 759.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock worth $49,361,000 after purchasing an additional 152,832 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after purchasing an additional 148,740 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Valmont Industries by 5,815.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 70,980 shares of the industrial products company's stock worth $25,179,000 after purchasing an additional 69,780 shares during the period. GAMMA Investing LLC increased its stake in shares of Valmont Industries by 51,911.3% in the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after purchasing an additional 64,370 shares during the period. Finally, Nuveen LLC bought a new position in shares of Valmont Industries in the first quarter worth about $16,519,000. 87.84% of the stock is currently owned by institutional investors.
Valmont Industries Stock Up 5.7%
Valmont Industries stock opened at $385.54 on Friday. The stock has a market cap of $7.61 billion, a P/E ratio of 35.90 and a beta of 1.14. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $388.55. The company's 50-day moving average price is $369.99 and its two-hundred day moving average price is $331.25.
Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the prior year, the firm earned $4.91 EPS. The business's revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's payout ratio is 25.33%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research report on Friday. They set an "overweight" rating and a $480.00 target price for the company. Finally, DA Davidson upped their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $420.67.
Get Our Latest Analysis on Valmont Industries
Insider Transactions at Valmont Industries
In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the sale, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.
Valmont Industries Profile
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Free Report)
Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.
See Also
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